SCWorx to Resume Trading on Nasdaq Monday, August 10, 2020

Rhea-AI Summary

SCWorx, Corp. (Nasdaq: WORX) has announced that the trading of its common stock will resume on The Nasdaq Stock Market on August 10, 2020. This notification from Nasdaq marks a significant development for the company, which had previously faced trading suspensions. Investors may view this resumption as a positive signal for liquidity and market access, potentially impacting investor confidence.

Positive

• Resumption of trading on Nasdaq could enhance liquidity.
• Potentially positive signal for investor confidence.

Negative

• Trading suspension prior to resumption raises concerns about market stability.

News Market Reaction – WORX

-46.13%

-46.13% Session move

In the trading session that priced this news, WORX declined 46.13%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New York, Aug. 07, 2020 (GLOBE NEWSWIRE) -- SCWorx, Corp., (Nasdaq: WORX) today announced that Nasdaq has notified it that trading in its common stock will resume on The Nasdaq Stock Market, this coming Monday, August 10, 2020.

Contacts:

Timothy A. Hannibal

thannibal@scworx.com

FAQ

When will trading of WORX resume on Nasdaq?

Trading for SCWorx (WORX) will resume on August 10, 2020.

Why was SCWorx stock suspended?

The press release does not specify the reasons for the previous suspension, but it indicates that trading was not permitted prior to August 10, 2020.

What does the resumption of trading mean for WORX investors?

The resumption may improve liquidity and investor confidence in SCWorx.